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Technology Stocks : EMC How high can it go? -- Ignore unavailable to you. Want to Upgrade?

To: Jerome who wrote (13937)	3/20/2002 10:17:47 AM
From: Fred Levine	Read Replies (1) \| Respond to of 17183

Jerome-- I am a VLT holder of EMC with a price of abt 2. I could not conceive of the free-fall that occurred in an area, storage, that is still central. Therefore, I bought calls at 17 and 20 and those also went down the toilet. I have given up timing. Obviously, EMC has been hurt by competition and arrogance. Because of their enormous success with superior products and services, they thought they were immune to pricing pressures and allowed competition to establish strong bases. They, IMO, are a smarter and more flexible company and have not sat still. However, the Halcyion days are over, and they are in a foot race where they will count pennies-- the manufacturing coalition with Dell will benefit both--and try to regain market share at the cost of margins. Everything I read about AutoIS seems positive, especially that it has limited penetration so far and thus plenty of room for growth. However, I am technically illiterate. In short, I am not adding, but short of going belly-up, we can't go much lower. I think it is more a question of when than of if. I also think that is true of AMAT, Intel, and TI. Personally, I have no use for technical analysis since it is based on past trends that have, IMO, no predictive value. Stock prices are determined by teleology (I don't get many chances to use that word), or by future uses of the products or services. fred